How do you politely decline a property offer?
If you want to reject the offer with no counter whatsoever, we recommend you do so in writing. Include a short, genuine statement why you arrived at the asking price, and why your property is worth it.
How do I reject a purchase offer?
The right way to reject an offer
- Promptly call, write or send a text message to the agent thanking him or her for the offer.
- Politely and graciously explain that the homesellers have accepted an offer that they like better.
- Do not explain the market.
Why would a seller reject an offer?
If your home purchase offer was rejected, it was likely for a reason involving money. Your offer price may have been too low or too high, or they may have simply received a better offer. Other reasons could include the listing agreement commission structure, specific contract requirements, or personal reasons.
Can you refuse to sell property to someone?
Rejecting an offer is entirely legal as long as you do it for the right reasons. But sellers cannot discriminate against individuals protected under state and federal law. For example, you can’t refuse to sell a home to someone simply because they have kids or are of a different race from you.
Can you decline a House offer after accepting?
An offer is not a legally binding contract and can be withdrawn before the seller accepts. You can revoke your offer by giving the agent a written letter informing them of your offer withdrawal. However, withdrawing from the sale at this point will come at a financial cost to the buyer.
What if a seller does not respond to an offer?
What Happens If A Home Seller Doesn’t Respond To An Offer? Typically, the original offer will include a deadline that provides the seller with a date that you need a response. If there’s no response to your home offer by that time, the offer expires. This means you can walk away without any contractual obligations.
Can I change my mind if I don’t want to sell my house?
No one can force you to sell a home. But if you have already signed a contract with an agent and then changed your mind, you cannot sell the property for the time mentioned in the agreement. And a small few may completely release you from your contract.